A Long-Awaited Announcement: Peter Jackson to Produce Hobbit Movie

Fantasy fandom is in an absolute uproar today over the news that Peter Jackson and New Line Cinema have resolved their differences over royalties from the three movies based on J.R.R. Tolkien's "The Lord of the Rings" at least to the extent that the studio has tapped the director to act as executive producer of a much-anticipated film adaptation of Tolkien's beloved children's story "The Hobbit" and a second Hobbit-related film, the basis of which isn't clear at this time.
Whatever else happens, the news of the two new films being green-lighted by the studio and of Jackson's involvement is sadly certain to reignite the intense animosity between the hardcore film fans who passionately adore Jackson's adaptation of "The Lord of the Rings" and the equally hardcore book fans who just as passionately abhor Jackson's films.
Those of us who greatly admire both Tolkien's books and Jackson's interpretive films are no doubt in for another onslaught of rotten tomatoes from both sides. I'll be trying to keep my costume, which is a replica of Eowyn's white gown from Jackson's second movie, safely out of the line of fire.